Astrana Health has today announced it has entered into a definitive agreement to acquire Collaborative Health Systems, a management services organization serving more than 129,000 beneficiaries across 17 states. "With this acquisition, we believe Astrana will be even better positioned to deliver accessible, high-quality, and high-value care to more patients across the nation," said Brandon K. Sim, President and CEO of Astrana Health. "CHS has built a scaled and impactful value-based care ecosystem in markets spanning the South and East Coast. We believe combining Astrana's robust technology platform and care model with CHS's strong provider base and deep payer partnerships will accelerate our goal of organizing and empowering providers while elevating the healthcare experience for patients throughout the country." The transaction is expected to close by year-end, following customary regulatory approvals.
Astrana Health
Hospitals and Health Care
Alhambra, California 10,555 followers
Empowering physicians to deliver high-quality, high-value care to all. (NASDAQ:ASTH)
About us
Astrana Health is a leading provider-centric, technology-powered healthcare company enabling providers to deliver accessible, high-quality, and high-value care to all. Leveraging its proprietary end-to-end technology solutions, Astrana operates an integrated healthcare delivery platform that enables providers to successfully participate in value-based care arrangements, thus empowering them to deliver high quality care to patients in a cost-effective manner. Headquartered in Alhambra, California, Astrana serves over 10,000 providers and 900,000 Americans in value-based arrangements. Its subsidiaries and affiliates include management services organizations (MSOs), affiliated independent practice associations (IPAs), accountable care organizations (ACOs), and care delivery entities across primary, multi-specialty, and ancillary care. For more information, please visit www.astranahealth.com.
- Website
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http://www.astranahealth.com
External link for Astrana Health
- Industry
- Hospitals and Health Care
- Company size
- 1,001-5,000 employees
- Headquarters
- Alhambra, California
- Type
- Public Company
Locations
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Primary
1668 S Garfield Ave
2nd Fl
Alhambra, California 91801, US
Employees at Astrana Health
Updates
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Astrana Health will be at the America's Physician Groups Annual Spring Conference from May 29th - May 31st. Come visit us at our booth on Thursday to chat about our team’s latest developments or just to simply say hi!
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We are thrilled to share the remarkable progress we have made in the first quarter of 2024 to expand our unique platform and care model, aimed at empowering providers and improving access to high-quality and high-value healthcare for local communities across the country. This quarter, we have officially reached the 1 million member milestone! In addition, we made strong progress in terms of clinical, operational, and financial outcomes, and made meaningful progress against our strategic roadmap. We also continue to ensure that our rapid growth remains sustainable so that we can uphold our commitment and mission for years to come. With the current momentum of our business, we're in great position to lead the charge towards a future where all Americans enjoy access to best-in-class healthcare services. We'd like to thank all of our providers, teammates, and partners as we continue building this future together. To the stars!
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Today, we become Astrana Health. A message from our President and CEO, Brandon K. Sim: Our journey began with a simple mission - to provide great healthcare to a local community, and our mission has not changed except in the number of communities we hope to serve. The transition we are now seeing - and in many ways have helped to lead - is towards a world in which access, equity, quality, and value are at the forefront of every healthcare interaction. That transition is only accelerating in every community across the country, and we have a duty, now more than ever, to take our model and serve the millions more who need it. To that end, from humble regional roots, we've now expanded into a national force, extending our services to over 10,000 providers and 900,000 value-based care patients across Nevada, Texas, and key regions of California – spanning San Francisco, the Central Valley, Los Angeles, Riverside, and San Bernardino. Our team has grown to encompass over 1,500 talented individuals across the country. Our dedication to innovation shines through the development of cutting-edge tools – clinical and coordinated care solutions, a comprehensive technology suite, and forward-thinking payer and administrative solutions. We've fortified our care delivery capabilities across primary, multispecialty, and ancillary clinics, spanning three states and serving over 700,000 unique patients in our clinics annually across 61 locations. We are now bearing the responsibility for total cost of care for our patients, coordinating care using technology in a smart, domain-adapted way to solve issues like barriers to care, high cost, and inefficiency and waste in the healthcare system. This evolution is not only about expansion but also about a profound commitment to innovation, efficiency, accountability, and, most importantly, the well-being of those who entrust us with their care. Yet throughout all this growth and transformation, our identity has remained steadfast, based on the same principles of our founding providers. We believe in enabling localized, coordinated healthcare at scale. We believe in empowering our entrepreneurial, star providers and creating a holistic constellation, an ecosystem that addresses a patient in all ways - socially, physically, culturally, and clinically. And we believe in building a team of star teammates to accelerate our path towards achieving our vision. We envision a world in which, during the next decade, we will serve hundreds of communities across the country, our infrastructure will empower tens of thousands of providers at hundreds of practice locations, and our star providers will see tens of millions of patients a year with our support. To honor what we have built, to express our present identity, and to energize our vision for the future we will create, I am proud to share that ApolloMed is now Astrana Health. Join our amazing team of Astranauts: https://lnkd.in/gG_sZ88u
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We believe accurate, reliable, and timely updates of HEDIS measures are prerequisites for providing high-quality patient care. However, relying on "monthly" payer reports doesn't help us get there. That's why we decided to build a "fast" and "transparent" HEDIS engine! Learn more in our latest blog post: https://lnkd.in/gez9k9Wz
Investing in Technology to Speed Up the Quality Improvement Cycle
apollomed.net
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As we wrap up another incredible year, we took the time to celebrate the season with our amazing colleagues at ApolloMed. Our holiday party was filled with good food, great company, and, most importantly, a good cause! This year, we decided to add a special touch by supporting a meaningful cause. We hosted a charity casino night and all proceeds will go to The Trevor Project. It warms our hearts to make a positive impact not only within our company but also in the wider community. Much gratitude to everyone who made this celebration memorable! Here's to a successful year behind us and an even brighter future ahead.
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Astrana Health reposted this
NCQA recognizes ApolloMed as among the first organizations to access and build strategies around NCQA's new CQL-FHIR® digital HEDIS® content through NCQA’s Digital Content Services Early Adopter program. ApolloMed operates an integrated healthcare delivery platform that enables providers to successfully participate in value-based arrangements. When asked about their participation, ApolloMed shared: “the NCQA Digital Content Services Early Adopter Program represents the digital transformation of value-based care. We are excited to be part of this meaningful journey for the value-based care ecosystem and look forward to sharing our learnings with our stakeholders and partners.” Learn more about Digital Content Services: https://bit.ly/3M64val
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Astrana Health reposted this
We’re excited to announce the release of our inaugural ESG At-a-Glance Report today, highlighting our efforts in and commitment to advancing health equity and culturally-competent care in the local communities we serve. At ApolloMed, we strive to make a positive social impact on the patients and communities we serve. We recognize the importance of ensuring access to healthcare for all patients, including low-income and underserved patient populations. We pledge to make a positive impact on society while delivering exceptional healthcare services. By prioritizing sustainability, social responsibility, and culturally-competent care, we aim to create a better future for all. Here are some excerpts from our report! • We continued to serve all patient populations with high-quality and culturally-competent care, with 75% of patients identifying as Hispanic/Latino, AAPI, or Black/African American in 2022. • We believe a diverse workforce composed of individuals with unique perspectives, backgrounds, and experiences enables us to better serve the diverse communities we support. Over 65% of our workforce identifies as female, and over 90% identifies as Hispanic/Latino or other underrepresented groups. To learn more, read our full inaugural ESG report here: https://lnkd.in/gPatTzWK
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We’re excited to announce the release of our inaugural ESG At-a-Glance Report today, highlighting our efforts in and commitment to advancing health equity and culturally-competent care in the local communities we serve. At ApolloMed, we strive to make a positive social impact on the patients and communities we serve. We recognize the importance of ensuring access to healthcare for all patients, including low-income and underserved patient populations. We pledge to make a positive impact on society while delivering exceptional healthcare services. By prioritizing sustainability, social responsibility, and culturally-competent care, we aim to create a better future for all. Here are some excerpts from our report! • We continued to serve all patient populations with high-quality and culturally-competent care, with 75% of patients identifying as Hispanic/Latino, AAPI, or Black/African American in 2022. • We believe a diverse workforce composed of individuals with unique perspectives, backgrounds, and experiences enables us to better serve the diverse communities we support. Over 65% of our workforce identifies as female, and over 90% identifies as Hispanic/Latino or other underrepresented groups. To learn more, read our full inaugural ESG report here: https://lnkd.in/gPatTzWK
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Brandon Sim will be a panelist at the DHNY Summit 2023 where he will join Scott Cleary, Michael Kopko, Michael Meng, and Vivek Garg in exploring opportunities for growth, challenges to scaling as a VBC enabler and how they evaluate partnership opportunities with the digital health ecosystem. #DHNY23
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